Summary: America’s wealthiest keep most of their assets tied up in their businesses, and also hold a higher proportion of their wealth in financial securities than the average American. Meanwhile, the middle class relies mainly on their primary residence to make them wealthy, research from economist Edward Wolff has found.
Key take out: For the best returns, invest in your own ingenuity and hard work, the research suggests.
Key beneficiaries: General investors. Category: Investment portfolio construction.